Centers And Squares
Welcome to Centers and Squares
As a Cambridge real estate agent, the city squares of Cambridge, Somerville and Medford and the town centers of Arlington, Watertown and Belmont, Massachusetts are my home turf. And as a lifelong New Englander who’s lived within twenty miles of Boston most of my life, I can introduce you to other nearby towns as we search for your new home. If you’re planning to sell your home in Cambridge, MA or nearby you’ll find plenty of info about the home selling process here too. Questions? Send me an email or call me at 617-504-1737.
Cambridge MA Real Estate Market-2010-Year In Review
It’s good to see, when we tally the end of year numbers, that there was improvement in the Cambridge real estate market in 2010. The total number of properties sold rose modestly while the total dollar volume rose by over 10%.
Much of the improvement came in the single family sector. The number of single family houses sold increased by 15% over 2009’s sales and the median price rose by more than 10%.
Condo sales dipped ever so slightly. The median price rose about 3%.
Multi-family sales were robust – increasing by more than 15% over the number sold in 2009. The median price increased by 3%.
Cambridge Real Estate Year In Review
Welcome to the Cambridge MA Real Estate Review
Total properties sold in Cambridge:
- In 2010: 851 (+2.41%)
- In 2009: 831 (-8.38%)
- In 2008: 907
Average days on market:
- 2010: 80 days
- 2009: 79 days
- 2008: 91 days
Total value of real estate sales:
- 2010: $528,083,938 (+13.78%)
- 2009: $464,152,012 (-10.12%)
- 2008: $516,395,918
Properties sold for:
- 2010: An average of 97% of the list price. The median price was $465,000 (+5.69%)
- 2009: An average of 97% of the list price. The median price was $440,000 (-0.91%)
- 2008: An average of 97% of the list price. The median price was $444,000
Cambridge Single Family Sales
- 2010: 127 (+15.46%)
- 2009: 110 (+0.92%)
- 2008: 109
Price range for single family homes:
- 2010: $275,000 to $4,250,000
- 2009: $260,000 to $4,850,000
- 2008: $240,000 to $4,921,500
Median price of single family houses sold:
- 2010: $862,500 (+13.31%)
- 2009: $761,250 (+.83%)
- 2008: $755,000
On average, single families:
- In 2010: houses were on the market 72 days & sold for 97% of list price
- In 2009: houses were on the market 86 days & sold for 97% of list price
- In 2008: housess were on the market 85 days & sold for 97% of list price
Cambridge Condo Sales
- 2010: 660 (-0.91%)
- 2009: 666 (-10.97%)
- 2008: 748
Price range for condos:
- 2010: $135,000 to $4,250,000
- 2009: $172,500 to $1,990,000
- 2008: $150,000 to $2,800,000
Median price of condominiums sold:
- 2010: $427,750 (+3.08%)
- 2009: $415,000 (+.25%)
- 2008: $414,000
On average, Cambridge condos:
- In 2010: were on the market 82 days and sold for 97% of asking price
- In 2009: were on the market 78 days and sold for 97% of asking price
- In 2008: were on the market 92 days and sold for 97% of asking price
Cambridge Multi-Family Sales
- 2010: 64 (+16.37%)
- 2009: 55 (+10.0%)
- 2008: 50
Price range for multi-family properties:
- 2010: $200,000 to $6,651,100
- 2009: $352,351 to $1,095,000
- 2008: $340,000 to $1,450,000
Median price of multi-family houses sold:
- 2010: $717,478 (+3.24%)
- 2009: $695,000 (-7.46%)
- 2008: $751,000
On average, Cambridge multi-families:
- In 2010: were on the market 76 days and sold for 95% of list price
- In 2009: were on the market 72 days and sold for 96% of list price
- In 2008: were on the market 98 days and sold for 95% of list price
Here’s the last of our monthly reports for 2010 with December’s numbers:
Cambridge MA Real Estate On the Market – Dec. 31, 2010
On the last day of 2010 there were 220 homes listed for sale in Cambridge, significantly fewer than just one month before. Relatively few properties come on the market in December but properties continue to go under agreement and other sellers take their homes off the market.
Cambridge MA Real Estate Sold in Dec. 2010
68 homes sold in Cambridge during December – an increase of more than 10% over last month’s sales. Properties sold for $220,000 to $3,433,000.
20 single family homes sold last month for prices ranging from $329,900 to $2,500,000. Average days on market was 88 and these houses sold on average for 97% of the asking price. The median sales price was $873,250.
45 condos sold in Cambridge MA in December 2010 priced between $220,000 to $2,100,000. The median price was $450,000. Condominiums sold on average for 96% of the asking price and were on the market an average of 92 days.
3 multi-family houses sold in December for $800,000, $885,000 and $3,433,000. These houses sold for an average of 92% of asking price. Days on market ranged from 79 to 371.
The total value of Cambridge MA real estate sold in December 2010 was $50,938,400.
Also see:
Cambridge MA Real Estate Market – Nov 2010
SEARCH FOR CONDOS FOR SALE IN CAMBRIDGE MASS
SEARCH FOR SINGLE FAMILY HOMES FOR SALE IN CAMBRIDGE MA
Information about the Cambridge MA real estate market in 2010 from MLSpin.
Leave a Reply
Copyright © 2008 - 2011 Centers And Squares Agent Login Design by Real Estate Tomato Powered by Tomato Real Estate Blogs
